Often consumers consider themselves over-indebted and feeling financially constraint and then consider applying for debt review in order to regain financial control.
In some cases we notice with minor budget adjustments and recalculating the distribution of funds, the consumer would experience financial relief without entering a formal debt restructuring process.
During this process, we consult with the consumer and extensively investigate his monthly income and expenditure and assess the same over a minimum period of twelve months in order to ensure our proposal is accurate.
We will draft a new budget and discuss the variances with our client ensuring they comprehend the reason for the changes and have the knowledge to correctly implement it in the months to come. Once the new budget has been implemented, we will conduct quarterly assessments and adjust the budget when necessary.